Tim Gokhman proposes 31 apartments in Riverwest

Developers with connections to New Land Enterprises are proposing 31 upscale townhome-style apartments in Milwaukee's Riverwest neighborhood.

The project, with two-bedroom units that would have prospective monthly rents of $1,600, is being proposed by Tim Gokhman and Ann Shuk for a vacant lot at 2650 N. Humboldt Blvd., said Ald. Nik Kovac, whose district includes the site.

The development would feature four three-story buildings, Kovac said, with each apartment having a two-car garage. The development site covers just over 1 acre, and was once the site of a child care center that was demolished, he said.

Gokhman and Shuk will need to obtain Plan Commission approval. But the proposal meets the site's zoning, as well as guidelines for the nearby Milwaukee River Greenway Overlay District, Kovac said.

Kovac said the project is the "right scale" for Riverwest.

"I do think it's good for the neighborhood," he said.

Gokhman, who couldn't be immediately reached for comment, is the son of Boris Gokhman, founder of New Land Enterprises. New Land developed several condo buildings in Milwaukee's downtown and east side before the housing bubble burst.

Tim Gokhman, the firm's sales and marketing director, told neighbors who attended a meeting about the project that this development is not connected to New Land Enterprises, Kovac said.

The development site was acquired in July by ATF 1 LLC, an investment group that lists Shuk as its registered agent. She also is the agent for Unlimited Realty Co., which is based at New Land's City Green Apartments.

I'll have more details later in Land & Space, and in Thursday's Journal Sentinel.

Commercial Real Estate News

The council on Tuesday voted 10-5 to support the project, falling two votes short of the supermajority needed for approval. The zoning change needed 12 votes because a protest petition was signed by enough adjacent property owners, said Ald. Ashanti Hamilton, council president.

The opponents were Ald. Robert Bauman, whose district includes the site, along with aldermen Cavalier Johnson, Mark Borkowski, Jose Perez and Tony Zielinski.